{"id":35712,"date":"2022-12-02T01:37:53","date_gmt":"2022-12-02T01:37:53","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili"},"modified":"2022-12-02T02:03:14","modified_gmt":"2022-12-02T02:03:14","slug":"the-art-of-currency-exchange-manipulation-francis-chipili","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili","title":{"rendered":"The Art Of Currency Exchange Manipulation-Francis Chipili"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>China for years has been manipulating it\u2019s currency strength for global trade positing as a strategic tactical approach as it expanded it\u2019s industrial base. China has been accused of undervaluing it\u2019s currency so as to make it\u2019s goods and services cheaper on the global market.<\/p>\n

On the contrary a strong Kwacha makes Zambian goods and services expensive on the global and regional markets, this can lead to difficulties for Zambian export oriented companies to compete on the global market.<\/p>\n

At the moment Zambia\u2019s industrial base is still at rebuilding stage. A strong Kwacha actually just stimulates the appetite for imports the action that costs the local growth of industries as well as job creation and or employment externalization.<\/p>\n

The question that must be raised is that, is it prudent utilization of scarce resources for a government that has been seeking financing from the IMF to dedicate such colossal sums of dollars in currency manipulation activities? Can government quantify the benefits of such undertakings?<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. China for years has been manipulating it\u2019s currency strength for global trade positing as a strategic tactical approach as it expanded it\u2019s industrial base. China has been accused of undervaluing it\u2019s currency so as to make it\u2019s goods and services cheaper on the global market. On the contrary a strong Kwacha makes […]<\/p>\n","protected":false},"author":84,"featured_media":35711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,248],"tags":[234,235,233],"class_list":["post-35712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-to-homepage","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nThe Art Of Currency Exchange Manipulation-Francis Chipili - Zambia<\/title>\n<meta name=\"description\" content=\"China for years has been manipulating it\u2019s currency strength for global trade positing as a strategic tactical approach ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Art Of Currency Exchange Manipulation-Francis Chipili\" \/>\n<meta property=\"og:description\" content=\"China for years has been manipulating it\u2019s currency strength for global trade positing as a strategic tactical approach ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-02T01:37:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T02:03:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/12\/postQueueImg_1669932497.50.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"The Art Of Currency Exchange Manipulation-Francis Chipili\",\"datePublished\":\"2022-12-02T01:37:53+00:00\",\"dateModified\":\"2022-12-02T02:03:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili\"},\"wordCount\":187,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2022\/12\/postQueueImg_1669932497.50.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/the-art-of-currency-exchange-manipulation-francis-chipili\",\"name\":\"The Art Of Currency Exchange Manipulation-Francis Chipili - 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